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  • Wells Fargo Pays $3 Billion To Settle “Staggering Scope & Duration” Of Illicit Conduct

    ZeroHedge - Feb 21st 2020 4:11pm EST

    Wells Fargo Pays $3 Billion To Settle “Staggering Scope & Duration” Of Illicit Conduct Wells Fargo has agreed to pay $3 billion to settle U.S. investigations into more than a decade of widespread consumer abuses under a deal that lets the scandal-ridden bank avoid criminal charges. The deal resolves civil and criminal investigations. It includes […]

  • Fed’s Bullard Fumbles After Being Asked “How A Quarter-Point Rate-Cut Will Cure The Flu?”

    ZeroHedge - Feb 21st 2020 3:45pm EST

    Fed’s Bullard Fumbles After Being Asked “How A Quarter-Point Rate-Cut Will Cure The Flu?” St. Louis Fed President Jim Bullard was guest host on CNBC’s Squawk Box this morning. Soon after sitting down, the indomitable Steve Liesman stunned everyone in the room when he dared to ask the all-knowing Bullard a simple question: “How would […]

  • These Are The 50 Most Popular Hedge Fund Longs And Shorts

    ZeroHedge - Feb 21st 2020 3:39pm EST

    These Are The 50 Most Popular Hedge Fund Longs And Shorts In what has started off as another woeful quarter for hedge funds, with equity hedge funds generating the worst YTD return of all asset classes tracked by Goldman – at 0% – and the composite Hedge Fund Index returning just 1%, ostensibly due to […]

  • China Forced To Revise Number Of Virus Cases Sharply Higher After Hubei Caught Undercounting New Infections

    ZeroHedge - Feb 21st 2020 3:15pm EST

    China Forced To Revise Number Of Virus Cases Sharply Higher After Hubei Caught Undercounting New Infections China’s desperate attempts to manipulate coronavirus “data” lower to ease public fears about a runaway pandemic and get more people back to work, are crossing into the outright laughable, if not surreal. As a reminder, earlier this week, China’s […]

  • Bloomberg Team Blames Bernie Supporters In Spate Of Campaign Office Vandalizations

    ZeroHedge - Feb 21st 2020 3:00pm EST

    Bloomberg Team Blames Bernie Supporters In Spate Of Campaign Office Vandalizations The Bloomberg campaign has lashed out at Bernie Sanders supporters, blaming them for a spate of campaign office vandalizations following a Thursday evening incident in which the billionaire’s Knoxville, Tennessee office was spray painted with “Fuck Bloomberg,” “oligarch,” “classist,” and “Authoritarian” on the door. […]

  • BofA Is “So Bearish, It’s Bullish”, But Here Are The Signs The Top Is Near

    ZeroHedge - Feb 21st 2020 2:52pm EST

    BofA Is “So Bearish, It’s Bullish”, But Here Are The Signs The Top Is Near One week after BofA CIO Michael Hartnett pointed out the biggest asset bubble in the central bank era, where so-called tech “disruptors” (which we previously called e-commerce) have now surpassed the relative performance of most prior bubble assets including housing, […]

  • Ex-Sanders Criminal Justice Adviser Arrested After Plotting Violent Jailbreak

    ZeroHedge - Feb 21st 2020 2:30pm EST

    Ex-Sanders Criminal Justice Adviser Arrested After Plotting Violent Jailbreak A former consultant to Bernie Sanders’ 2016 presidential campaign was arrested after he allegedly planted loaded weapons and ammunition inside a soon-to-be-opened Tennessee prison, according to authorities. On Wednesday, Nashville police said that prison reform advocate Alex Friedmann – who helped shape Sanders’ criminal justice agenda […]

  • Russia Hoaxers Launch New Russia Hoax

    ZeroHedge - Feb 21st 2020 2:15pm EST

    ‘The Russians Are Coming…Again’ – Exposing The Resistance’s Poverty Of Imagination Authored by James Howard Kunstler via Kunstler.com, We’re reminded this morning by The New York Times, America’s official psychotic fantasy generator, that the Russians are coming (again!) as an ad hoc arm of the committee to re-elect Mr. Trump. You have to ask yourself: Does Mr. […]

  • “Jeffrey And I Had Everyone On Videotape” Ghislaine Maxwell Reportedly Told Socialite

    ZeroHedge - Feb 21st 2020 1:56pm EST

    “Jeffrey And I Had Everyone On Videotape” Ghislaine Maxwell Reportedly Told Socialite Jeffrey Epstein’s alleged ‘madam’ told a former acquaintance that she and the now-dead pedophile had “everything on videotape,” according to The Telegraph. The acquaintance, socialite and distant relative to the royals Christina Oxenberg, said that Maxwell also told her that Epstein bought a […]

  • Turkey Requests US Jets Patrol Near Idlib To Halt Russian Air Power

    ZeroHedge - Feb 21st 2020 1:48pm EST

    Turkey Requests US Jets Patrol Near Idlib To Halt Russian Air Power It’s not just Patriot anti-air defense missile systems that Turkey is requesting from Washington, apparently, in order to halt Russian air power over Idlib.  A bombshell report in Middle East Eye has cited Turkish defense officials who say Turkey’s government has asked the US to […]

  • Are They Going To Impeach Trump Again?

    ZeroHedge - Feb 21st 2020 1:25pm EST

    Are They Going To Impeach Trump Again? Authored by Jim Rickards via The Daily Reckoning, The Democratic candidates held another debate last night. Michael Bloomberg took a lot of heat from the others, and he did not handle it well. He showed real weakness for the first time. Joe Biden, meanwhile, put in a strong […]

  • Chinese Coronavirus Patient Reinfected 10 Days After Leaving Hospital

    ZeroHedge - Feb 21st 2020 1:05pm EST

    Chinese Coronavirus Patient Reinfected 10 Days After Leaving Hospital As we reported on Monday, shortly after the US decided to break the quarantine barrier surrounding the Diamond Princess cruise ship which had emerged as the single-biggest locus of coronavirus cases outside of China, more than a dozen buses sat on the tarmac at Tokyo’s Haneda […]

  • Did The Fed Just Reveal Its Plans For A Digital Dollar Replacement?

    ZeroHedge - Feb 21st 2020 12:45pm EST

    Did The Fed Just Reveal Its Plans For A Digital Dollar Replacement? Via Birch Gold Group, Thanks to the Federal Reserve, the idea that you can go into a store and anonymously purchase something with cash might soon be obsolete. Why? Because they’re developing something called Fedcoin, which would be based on blockchain technology. If you’re […]

  • Peter Schiff: Gold Is Your Only Alternative

    ZeroHedge - Feb 21st 2020 12:05pm EST

    Peter Schiff: Gold Is Your Only Alternative Via SchiffGold.com, Which will outperform in 2020? Gold? Or Equities? Peter Schiff joined a moderated debate on the subject at the Orlando Money Show. Peter teamed up with Rick Rule to argue for gold, against Louis Navellier and Jeffrey Saut, who contend the stock market is still the […]

  • Pentagon ‘Accidentally’ Tells The Truth About Idlib

    ZeroHedge - Feb 21st 2020 11:44am EST

    Pentagon ‘Accidentally’ Tells The Truth About Idlib The Pentagon has in a rare moment gone off the mainstream narrative script concerning Idlib.  The UK’s Sky News interviewed US coalition spokesman Col. Myles Caggins as part of its coverage focusing on Syrian and Russian forces “indiscriminately” attacking civilians and “bombing hospitals” — however, the Army colonel gave a counter angle, instead focusing […]

  • Why It’s So Hard To Escape America’s “Anti-Poverty” Programs

    ZeroHedge - Feb 21st 2020 11:25am EST

    Why It’s So Hard To Escape America’s “Anti-Poverty” Programs Authored by Justin Murray via The Mises Institute, One of the most common debates that has occurred in the United States for the past six decades is the discussion of the poverty rate. As the narrative goes, the US has an unusually high poverty rate compared to […]

  • UCLA Backtracks On Facial Recognitions Plans

    ZeroHedge - Feb 21st 2020 10:50am EST

    UCLA Backtracks On Facial Recognitions Plans Authored by Celine Ryan via Campus Reform, Students nationwide raised concerns about universities using biometric surveillance, or facial recognition, on students. Campus Reform reported last month that at least three California campuses had implemented the software. At the time, the University of San Francisco, the University of Southern California, and Stanford […]

  • White House Warns Beijing: ‘We Still Expect You To Honor Your Trade Deal Commitments’

    ZeroHedge - Feb 21st 2020 10:36am EST

    White House Warns Beijing: ‘We Still Expect You To Honor Your Trade Deal Commitments’ A Chinese official recently suggested that Beijing might need some ‘wiggle room’ to fulfill its commitments under the ‘Phase 1’ trade deal. Now, the Treasury Department is hinting that this might not be an option, and that the US expects the […]

  • The Collapse Of This Historic Correlation Suggests A Major Crisis Is Imminent

    ZeroHedge - Feb 21st 2020 10:22am EST

    The Collapse Of This Historic Correlation Suggests A Major Crisis Is Imminent A lot of digital ink has been spilled in recent days over the perplexing reversal of the Yen, which for years was seen by the market as a “flight to safety” trade (as unexpected crisis events would prompt capital repatriation into Japan or […]

  • Existing Home Sales Slide In January, Prices Jump As Inventories Slump

    ZeroHedge - Feb 21st 2020 10:09am EST

    Existing Home Sales Slide In January, Prices Jump As Inventories Slump Following December’s surprisingly large surge, existing home sales were expected to slow in January and it did but less than expected due to an upward revision to December. Dec existing home sales was revised from +3.6% to +3.9% MoM which cause the January move […]

  • “The Intelligence Doesn’t Say That”: National Security Official Pushes Back On 2020 Russian Meddling Report

    ZeroHedge - Feb 21st 2020 10:02am EST

    “The Intelligence Doesn’t Say That”: National Security Official Pushes Back On 2020 Russian Meddling Report On Thursday, the New York Times published an account of a briefing between an aide to outgoing National Intelligence director Joseph Maguire and the House Intelligence Committee claiming that Russia was meddling in the 2020 election, and was “trying to […]

  • Treasury Yields Plunge To Record Lows As US PMI Collapses Into Contraction

    ZeroHedge - Feb 21st 2020 9:53am EST

    Treasury Yields Plunge To Record Lows As US PMI Collapses Into Contraction Markit’s US Manufacturing bucked the surprising surge in ISM Manufacturing in January and preliminary February data was expected to confirm this slowing trend (with Services steadily expanding). U.S. Feb. Services Flash PMI 49.4; Est. 53.4 U.S. Feb. Flash Manufacturing PMI 50.8; Est 51.5 […]

  • US & Taliban Truce To Start Saturday Ahead Of Final Peace Deal

    ZeroHedge - Feb 21st 2020 9:35am EST

    US & Taliban Truce To Start Saturday Ahead Of Final Peace Deal At the end of a week which has witnessed for the first time the bizarre and disturbing spectacle of The New York Times publishing an op-ed by Taliban deputy leader Sirajuddin Haqqani — a terrorist on the FBI’s most wanted list — a week-long “reductioa n in violence” between the […]

  • Was The Debate Beat-Down Fatal For Mayor Mike?

    ZeroHedge - Feb 21st 2020 9:20am EST

    Was The Debate Beat-Down Fatal For Mayor Mike? Authored by Pat Buchanan via Buchanan.org, Wednesday night in Las Vegas, Mayor Mike Bloomberg learned what it is like to be thrown up against a wall and frisked. At the opening of the Democratic debate, his first, Mayor Mike was greeted by his nearest neighbor on stage, […]

  • US Exposed To Immediate Impact From “Supply-Chain Shock”, Deutsche Says

    ZeroHedge - Feb 21st 2020 9:00am EST

    US Exposed To Immediate Impact From “Supply-Chain Shock”, Deutsche Says In the last few weeks, we’ve provided many articles on the evidence of creaking global supply chains fast emerging in China and spreading outwards. Anyone in supply chain management, monitoring the flow of goods and services from China, has to be worried about which regions will be […]